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all photos courtesy of Ideaz

Chapco Ideaz & Obelisk - a fabrication dream team: Cryptocurrency has been hailed as one of the next great technological revolutions, offering a critical pathway to transactional decentralization and security in a global cyber-economy that continues to evolve faster than many ever thought possible [Ideaz]

Chapco Ideaz & Obelisk®

In June 2017, Obelisk, Inc. launched with the goal of moving the cryptocurrency mining industry towards a future enshrined in transparency, stability, and healthy competition. In early 2018, Obelisk partnered with Ideaz mechanical and electrical design teams to develop their flagship products.

the project

Obelisk and Ideaz were working against an extremely aggressive development timeline of just a few months until production units needed to ship to customers. Their mechanical and electrical engineers collaborated to design the electromechanical chassis assembly, and then worked closely with Chapco’s engineers and production team to ensure a smooth process from quote to delivery.

the challenge

Chapco’s team offered value-added engineering services to ensure cost-effective manufacturing to meet our clients’ target pricing.

Following prototyping, Chapco was able to employ our automated work centers to ensure we met our clients’ aggressive time line

the solution

Production processes included laser cutting, custom punching, robotic and conventional bending, as well as hardware insertion. Obelisk’s first production order was for 2000 kits, with each kit consisting of 5 parts. 10,000 parts were completed in 4 weeks. Three further orders followed for 2000 kits per order. All 8000 kits were completed in 16 weeks.

Images courtesy of Ideaz and Obelisk

The future

Since their founding just a few years ago, Obelisk has already shipped thousands of mining units, which have generated tens of millions of dollars in revenue, and they continue to reach new customers every day. In a rapidly evolving industry where development happens in weeks, not years, and success is predicated on always being a step ahead of the competition. Obelisk has now developed into Foundation Devices.

Whether this is your first fabrication project, or one of the hundreds you are managing this month, our custom sheet metal fabrication capabilities will set your mind at ease. We have the people, equipment, and facility to offer a full range of metal fabrication and customization to bring nearly any design to reality.